Petition Drive Finds Major Support For SIRIUS and XM Satellite Merger

Released on: April 14, 2008, 4:17 am

Press Release Author: H. Richard Oprinski

Industry: Government

Press Release Summary: Capital Earnings & Research are experts in national pollingand targeting business language, TV & radio advertisements and public relationspolicies by using \"dial-testing\" computer technology for Wall Street and Fortune1000 companies.

Press Release Body: New York, NY, April 14, 2008 -- After more than 12 months ofanticipation, on March 24, the Department of Justice approved the Sirius SatelliteRadio proposed buyout of XM Satellite Holdings for approximately $5 billion. The DOJrevealed that the merger was 'unlikely to lessen competition or harm consumers.' Thegovernment appeared to endorse the theme of the agreement implying that there isample competition in other forms of audio entertainment that included highdefinition radio and internet-based delivery from devices such as the iPod. Theconcept of the merger was based on economies of scale since both companies continueto lose money but are showing significant gains in revenue and subscribers.

In response to consumer opinion from users and stockholders, Capital Earnings &Research launched a petition drive on March 11, 2008 to support the merger. Thecompany was able to collect more than 7000 signatures on its BLOG sites withsupportive emails in a six day period of time. A cover letter accompanied samplecomments from emails and the contents were sent to the DOJ and to severalCongressional opponents to voice consumer demand for the merger. Capital Earnings &Research recognized Sirius' Chief Executive, Mel Karmazin, for his persistence andnegotiating skills that helped the arrangement into its final stages of approval.The deal was first announced in February, 2007

The buyout received the approval of shareholders last November but has to cross onemore hurdle. Approval is in the hands of the FCC Chairman, Kevin Martin, who is notcommenting on the case before him.

Capital Earnings & Research currently have no holdings in the referenced companiesand receive absolutely no compensation for any issues related to its endorsement ofthe pending merger. They do however, believe that the FCC will follow the advice ofthe DOJ and will also endorse the merger proposal.--- statement issued by H. Richard Oprinski, Chief Investment Officer Press Release Distribution By PressReleasePoint(http://www.pressreleasepoint.com)